Word: bails
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Just a week after President Bush unveiled his plan to bail out hundreds of insolvent savings and loans, some of them took a turn for the perverse by getting into a costly new interest-rate war. Houston's Commonwealth Savings cranked up the rates it pays on six-month "jumbo" certificates of deposit (typical size: $100,000) from 9.6% to a hefty 10.75%. In California, Pasadena's BancPlus Savings followed suit with a 10.5% six-month rate. One reason for the feverish run-up was the need for the thrifts to compensate depositors for the perceived risk of putting money...
...suspect is being held without bail pending a February 21 probable cause hearing, The Globe said...
...tables in airports to solicit contributions and sell books and magazines whose extreme views are disguised by innocuous titles like Executive Intelligence Review. Believing that LaRouche's goals justified his means, others borrowed millions from supporters, knowing the money would never be returned. Judge Bryan refused to grant LaRouche bail pending appeal, and dispatched him to an Alexandria jail in handcuffs. If his sentence is upheld, LaRouche will have to serve at least five years in prison. He has declared himself an innocent victim of Soviet sympathizers in the top tiers of U.S. Government. His enemies, he said, would kill...
...only economic proposal coming out of the White House was met with widespread protest. Bush's suggested fee on savings accounts to help bail out the troubled Savings and Loan industry, drew fire from congressional leaders like Wirth, who serves on the Banking and Budget Committee...
...recent months Japanese businessmen and educators have quietly offered to bail out several financially strapped schools in return for control of their governing boards. The purpose: to expand study-abroad opportunities for Japanese university students. "The American higher-education system is the best in the world," says Julia Ericksen, vice provost of Philadelphia's Temple University. "The Japanese recognize that...